An evaluation of solar and wind resources – a critical first step in the development of any green hydrogen project – is currently underway in Block Z1-02 allotted to Hydrogen Duqm LLC in the Wilayat of Duqm, according to a high-level official associated with the project. https://www.omanobserver.om/article/1150575/business/energy/resource-assessment-underway-at-hydrogen-duqm-project-site
Economy has entered growth phase
The performance indicators show that the Omani economy has moved beyond the pandemic recovery phase, and has entered the growth phase. The economy has achieved remarkable growth rates, which were strengthened by policies and measures taken by the government. https://www.omanobserver.om/article/1150341/oman/economy-has-entered-growth-phase
Oman climbs 18 places in the World Social Progress Index
Muscat: The Sultanate of Oman has been ranked 68th globally in the World Social Progress Index for 2024, according to a report, recently issued by the United States-based Social Progress Imperative organization. https://www.omanobserver.om/article/1149955/oman/community/oman-climbs-18-places-in-the-world-social-progress-index
Railway projects on track: MTCIT
The Ministry of Transport, Communications and Information Technology (MTCIT) in its annual press conference confirmed that the railway projects planned in the Sultanate of Oman are making good progress, which include the ambitious and eagerly-awaited Muscat Metro project.
Work on ENGIE-POSCO’s hydrogen project to launch in 2027
Muscat: Construction work on a green hydrogen production facility, backed by a multinational consortium jointly led by global low-carbon energy developer ENGIE and Korean steel conglomerate POSCO, is planned to commence at the Port of Duqm in Oman’s Al Wusta Governorate in early 2027.
Duqm Refinery largest investment between two GCC countries
MUSCAT: Shaikh Mishal Al Ahmad Al Jaber al Sabah, Emir of the State of Kuwait, will pay a state visit to the Sultanate of Oman on Tuesday. The Emir of Kuwait will attend alongside His Majesty Sultan Haitham bin Tarik the opening of Duqm Refinery and Petrochemical Industries on Wednesday.
RO 63 million Duqm multipurpose fishing port to open this month
DUQM: The Special Economic Zone at Duqm (SEZAD) announced that a comprehensive multi-purpose fishing port will be opened in Duqm in February 2024.
Oman emerges as green energy hub in booming India trade
MUSCAT: A recent report by India’s Parliamentary Committee on External Affairs highlights Oman’s pivotal role in New Delhi’s green energy ambitions and burgeoning trade partnership with the Gulf Cooperation Council (GCC).
‘Winter Al Tahayim’ season launched to boost economic, tourism growth
JAALAN BANI BU HASSAN: The ‘Winter Al Tahayim’ season was inaugurated under the auspices of Dr Saud bin Hamoud al Habsi, Minister of Agriculture, Fisheries and Water Resources, in Jaalan Bani Bu Hassan, Al Sharqiyah South Governorate.
Investments in Khazaen Economic City surpass $1 billion mark
MUSCAT: Khazaen Economic City, an integrated multipurpose hub located on Muscat’s doorstep, has already snagged over $1 billion in project investments as of end-2023 – a milestone that earned it the coveted ‘Fastest Growing Investment Destination’ accolade at an awards ceremony held in Dubai